10 Rapper I.O.U.’s – A History of Hip-Hop’s IRS Woes
Amount Owed: Over $175,000
Reason: Federal income tax
Result: In addition to the federal income tax, the Texas rapper is facing foreclosure on his Houston home, with the current asking price at $1.8 million. Guess it’s not just the Hip-Hop Police that are after him.
Amount Owed: $139,000
Reason: State taxes
Result: Joe seems to be liquidating assets. He lost a judgment against Sun Trust for the mortgage on his Florida home, which he purchased for far more than that. In addition, he and his Terror Squad production team owe the state of New Jersey. Lien back.